The holiday season is a time to take a break. But it’s often overlooked that personal commitments, travel plans, and extra pressure to wrap up the year strong at work, leave employees feeling overwhelmed. This year in particular, as the holiday stress sets in, holiday spending will be top-of-mind as employees navigate a new […]
How Holiday Consumer Spending Will Be Impacted This Year Read More »
Stress. We all have it. In fact, it’s a normal part of life. But, if stress isn’t properly managed, it can be incredibly detrimental to your physical, mental, and emotional health. This year in particular, stress has stretched to new heights as a result of COVID-19. With social distancing, increased isolation, mass lay-offs,
How to Manage Money Stress Read More »
There are no shortages of articles, surveys, and blogs that are talking about the desperate impact of the COVID-19 recession on family budgets. One aspect that hasn’t been talked about enough is how working families are financially struggling. According to the Bureau of Labor Statistics, more than 65% of households are dual income households.
Has Your Household Income Been Cut in Half? Read More »
Financial stress is known for having a negative impact on employee productivity, engagement, and mental health. In fact, 86% of employers themselves characterized financial wellness programs as being important. Now, more than ever, employees are looking to employers for financial help in some of these various forms: Financial education Student loan forgiveness Employer-sponsored loans
3 Reasons You Should Offer Your Employees an Online No Credit Check Loan Program Read More »
Guest post by Anastasia Iliou, Marketing Manager at Rain. As we reach the end of this life-altering year, everyone is paying extra close attention to benefits packages. Your competitors are ramping up their benefits, and both current employees and future hires have their eyes open. One study found that since COVID-19 began its spread in
The Most Popular Free Employee Benefits of 2020 Read More »
For brokers, ensuring the satisfaction of your clients is imperative to success, especially during open enrollment. Employers rely on your expertise to guide them and provide support through the complex world of benefits. This year especially, employers are seeking direction on how to navigate the transition to virtual open enrollment. While this offers
3 Tips for Brokers to Help Their Clients Achieve Success During Open Enrollment Read More »
Every year, roughly 12 million Americans take payday loans out, which is the worst predatory lending practice. This type of loan is typically for a small amount, but a borrower needs to write a post-dated check for the full amount including any interest or fees. Should the loan not be repaid on time, the predatory
Predatory Lending: Where Employees Turn When They Have High Debt and No Savings Read More »
Put simply, credit risk is the risk a lender takes when they loan money to a borrower. Makes sense. You wouldn’t let someone you don’t know borrow your car or stay overnight in your home without vetting them first. However, evaluating credit risk of a borrower can come with a lot of gray areas
Credit Risk: What Is It and Do Employees Have It? Read More »
When determining the components of an Employee Assistance Program, it’s important to look at what exactly this program can encompass. As defined, “An Employee Assistance Program (EAP) is a voluntary, work-based program that offers free and confidential assessments, short-term counseling, referrals, and follow-up services to employees who have personal and/or work-related problems.” In short, an
Should Financial Wellness be a Core Component of an Employee Assistance Program? Read More »
2023 TrueConnect
